#Didi keep ximalaya linkdoc ipotimes update
#Didi keep ximalaya linkdoc ipotimes full

Although it is unclear how long theĪpproval process will take place. Indeed, the VIE structure remains viable – the companies

#Didi keep ximalaya linkdoc ipotimes update

Thus, the variable interest entity (VIE) structure has notīeen prohibited, and Reuters writes that China positioned the update as a sign Of the company's equity and are prohibited to participate in the operation and In addition, foreign investors may hold no more than 30% Negative List to get regulatory approval ahead of listing outside the mainland,Īs cited by Reuters. The NDRC has mandated sectors listed on the Foreign Investment Media and publishing, rare earth companies, nuclear power stations, and telecoms.įurther, the awaited update on the VIE structure policies To foreign investment, which includes compulsory education institutions, news Reform Commission (NDRC) has updated its list of business sectors that are off-limits Pushed promising Chinese stocks out on floating ice.Īmong recent developments, the National Development and Internal politics and the regulatory crackdown on independent companies that Safe to say that the biggest factor has been Xi's And while the macro factors have weighed on sentiment, it is Social networks, real estate, gaming, and education have declined Value other stocks across the industries of tech and internet, fintech, crypto, Too-big-to-fail Alibaba Group (NYSE: BABA HKEX: 9988) has about halved in The Nasdaq Golden Dragon China Index (HXC), which includesĬompanies with operations in China, has tumbled 45% year-to-date. (NYSE: DIDI), which raised $4.4 billion in The biggest U.S.-China IPO turned out to also be theīiggest fiasco – Didi Global Inc. Than the original, and U.S.-China stocks have lost billions in market caps Washington and Beijing delved deeper into political conflicts,Īnother Covid-19 variant has surfaced and is said to be spreading much quicker Witnesses markets at a complete turnaround. Highs in February alongside the 'meme stock' rush.

#Didi keep ximalaya linkdoc ipotimes full

Politics, anti-Covid vaccination was in full swing, and stocks peaked at all-time Post-Trumpian era, investors and companies were hopeful on the easing of Sino-American Was marked by surging China IPOs in New York.

LinkDoc Technology is now planning to lead a $200 to $300 million financing round before its upcoming IPO in Hong Kong, according to Bloomberg. LinkDoc Technology Limited, a medical data platform company backed by Alibaba, was the first to scrape its IPO plan in the U.S. Securities and Exchange Commission is also issuing new disclosure requirements, asking Chinese companies to reveal their use of variable interest entities (VIEs) to investors. Yet the pressure for Chinese tech companies doesn't stop there - the U.S. IPO plans since July.Īccording to Reuters, China is currently framing new regulations to ban IPOs outside of the country for tech companies with data security risks. Under pressure from regulators and distrust from investors, many Chinese companies such as Xiaohongshu, a social commerce platform backed by Alibaba and Tencent Keep, a fitness app backed by Tencent and Ximalaya, have either dropped or suspended their U.S. IPO plan and list in Hong Kong instead since May.

Amid a cybersecurity probe, Chinese authorities have pressured Ximalaya to drop its U.S. Ximalaya has previously suspended its IPO plan after DiDi's disastrous IPO in July.

Thursday, Ximalaya, one of China's most prominent audio streaming platforms backed by Tencent, said it will drop its IPO plan in the United States filed in April. Ximalaya drops US IPO plan amid China's crackdown on overseas listing Septem3:59 pm Ximalaya drops US IPO plan amid China's crackdown on overseas listing - PingWest English 中文